Market insights

Market Comment - 29th December 2021

Good morning,

First a quick recap of what's happened over the Christmas break.

The best news is that the correlation between Covid cases and deaths seems to have broken in the UK. This has been put down to Omicron perhaps being less lethal, the booster program and the populations natural immunity.

On the back of this the UK Government has announced no further restrictions this side of the New Year for England although Scotland, Wales and Northern Ireland are introducing further measures.

This has resulted in a surge for the Pound versus the Euro and the Dollar. Therefore this could be a very opportune to action any currency conversions if you need to switch Sterling to either the Euro or the Dollar.

Scheduled news is thin on the ground as you would expect therefore there's not much to drive the markets outside of the ongoing Omicron story.

As ever we look forward to keeping you in the loop and look out for our next update.

Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.

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